Is gmtrade.exchange a scam?
'LIKELY SCAM'
Risk: HIGH
Website Screenshot
Overview
This extremely new site claims to offer 500x leveraged trading on a self-custody Solana-based DEX and boasts implausible user and volume numbers. Multiple classic crypto scam red flags are evident, indicating a very high scam likelihood.
Why We Think This Is A Scam
Domain created about 18 hours ago, yet claims $23.95B total volume, $267.75M liquidity, and 11,593 traders—numbers impossible for a brand-new, unknown DEX.
Claims guaranteed liquidity ("Guaranteed Liquidity on the gmtrade Platform"), which is not realistic or responsible in DeFi and is a frequent pig-butchering signal.
Promises of 'up to 500x leverage', which is extremely risky, rarely available on legitimate platforms, and a hallmark of high-risk/fake platforms targeting retail.
No verifiable company, team, address, legal footers, or compliance information—site is all marketing claims.
Registrar (NICENIC INTERNATIONAL GROUP CO., LIMITED) is popular among abuse actors and frequently associated with rapid-launch scam domains.
Heavy repetition of marketing superlatives ("leading RWA Perp Dex on Solana"), but zero evidence or outside references.
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Registration Info
Registrar:NICENIC INTERNATIONAL GROUP CO., LIMITED
Registered:2026-04-23
Hosting Info
Provider:Cloudflare, Inc.
Location:US
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